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Strategies & Market Trends : Classic TA Workplace

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To: elliottrules who wrote (164103)3/12/2008 9:32:37 PM
From: robert b furman  Read Replies (1) of 209892
 
Hi ER,

Back from Vegas - glad to be home.

IF the fed's new liquidity plan can sterilize these bonds and get them trading again - as well as globally,I wouldn't be surprised to see them defy wall street and NOT lower rates next week.

At least drop them by only a quarter point.

The 2 year is at 1 3/4,the yield curve is definitely steep and banks are making a nice spread on only good credit riosks - that's very profitable.

All they need to do is stop the writedowns bu every quarter and call it over then show profits - we'll be back to expansion slowed by real estate not recession dragged into by real estate.

Then we'll see a hige equity rally and within 6-9 months we'll have rates going up driven by inflation.

It looks to me that 08-09 will be much like 99-00.

BWDIK.

Bob
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